MoneyRates Announces the Best States for Retirement in 2021; Iowa and West Virginia Tie for First Place Nine of top 10 states may surprise Baby Boomers News provided by Share this article Share this article FOSTER CITY, Calif., Feb. 4, 2021 /PRNewswire/ -- Those nearing or entering retirement are looking for an enjoyable, affordable place to retire. But they may find the process a bit more challenging now due to the economic fallout from the pandemic. To make matters worse, this is the first generation to be responsible for their own retirement contributions as opposed to depending on a pension plan. As a result, many are reaching retirement age with inadequate savings to fund their dreams.